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Debit card transactions at PoS soar 165% in 11 months

Debit card transactions at PoS soar 165% in 11 months

Saturday, March 18, 2017, 10:15 AM

The value of debit card transactions at point-of-sale (PoS) machines rose by more than 165% between April 2016 and February 2017, data released by the Reserve Bank of India (RBI) showed. According to representative data sourced from four banks, PoS transactions worth Rs 39,147 crore took place in February, up from Rs 14,754 crore for all banks in April.
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